A. just lowering (or eliminating) all federal income taxes up to an annual income of 30-40k instead of across the board tax cuts?
and for the rich:
B. lowering corporate income taxes and eliminating the estate tax?
That would have been fair and the working class would really be able to buy more and be more free. It would also be the first step to completely eliminate the income tax.
Other urls found in this thread:
msnbc.com
unvis.it
taxfoundation.org
npr.org
twitter.com
These tax cuts were meant for the rich / corporates / military industrial complex, no doubt about it.
Americans are in cognitive dissonance about this, but they are the ones having to suffer so they deserve everything that's coming to them.
Just look at draining the swamp:
Half of the cabinet is GS, the next FED head an ex-banker, Trump just nominated an ex-pharma-manager for ministry of health.
This is basically a sellout and the mongrellus still cheers for it. I can only imagine the outcry if these measures had been done by democrats.
Sure thing, but I don't quite understand Trump. Do you know how popular he would have been if he said "I will eliminate all federal income taxes for the lower 70% of the US taxpayer population"? The US federal income tax must go back to be what it was supposed to be: a tax on those who actually make some real money and do not live paycheck to paycheck.
There are several reasons I think.
1. He is a con conning for rich people and he is rich himself, he actually gives a shit for poor people and used delusional rightists to elect him.
2. This would have crashed markets. He is very proud about the Dow being at 23.5K right now.
Markets would sure dip in the very first months after such a radical tax cut.
3. Republicans wouldn't back that and call it socialism. They count on the white 30+ people to be exploited one last time.
Actually your idea is much more sustainable for the US in the long-term, but republicans and rich fucks like him are only interested in quick-buck policies pushing markets in the short term.
can this nigger calculate how low the number of privatley owned jets are since taxes have been increased over the past year?
can this nigger calculate what will yield more taxes buying a jet or paying high taxes for owning one
>1. He is a con conning for rich people and he is rich himself, he actually gives a shit for poor people and used delusional rightists to elect him.
I actually think he doesn't that much care about richness, but wants to feel important. So this is why I do not understand why his tax plan isn't doing more for the working class, Bernie Sanders style. This would actually put the Democrats in a much bigger dilemma.
>2. This would have crashed markets. He is very proud about the Dow being at 23.5K right now.
No, it would not have crashed anything. Markets like tax cuts - and they like tax cuts for the working class more than for the rich, because the working class tax cuts are better in stimulating domestic demand (those sweet iPhone sales).
>Markets would sure dip in the very first months after such a radical tax cut.
Nope. As said above. It is a much cheaper way to cut taxes and actually eliminates a lot of overhead at the IRS, as it reduces tax filings by the tens of millions, eliminating hundreds of millions of manhours in IRS staff.
>3. Republicans wouldn't back that and call it socialism. They count on the white 30+ people to be exploited one last time.
Again, I doubt that. Republicans would have to bite their tongue and say they also want the working class to get this new nice tax cuts, because those are their voters after all. Working class people overwhelmingly vote Republican - young students and unemployed people as well as urbanist professionals who earn much more than 30k vote Democrat.
That would have instantly caused every person making some real money to leave the US and crashed the world economy you commie.
1. Did you ever consider he is either a plant or simply a retard?
2. It would have dipped markets for sure. Corporates are much more interested in getting tax cuts than hoping some consumer spending rises and they make more money in the long run, this is not how it works.
15% tax reduction is directly priced into stocks obviously. That bump in stocks right now is directly connected with markets expecting tax relief.
3. The republicans have proven time and time again they are actually working against the interests of the working class, they are just good in selling it as if it wasn't like that.
The economic track record of republicans is actually disastrous compared to the democrats'.
>That would have instantly caused every person making some real money to leave the US
>eliminating the income tax for most of the small filers which increases GDP growth will cause richer people to leave America
Ok, why?
You are a tribalist cunt.
Republicans are at the moment the "liberty"-party. They are for freedom for everybody. Obviously as you are a authoritarian (either as you are a kraut you are a nazi or communist, doesn't matter) you do not actually care about the workers or the working class. You care about control and want to feel good as you oppress one group to bring "good" to other. The irony in this situation is that by wanting to steal more from group x to give to group y, you 1) actually steal from group x and 2) you destroy group y as they are now slaves to you (and if you do not understand why: group y (here "poor") do not have incentive to do any better anymore (because if they try to move to group x (rich) you will steal from them and if they stay in group y ("poor") they are not under your control "if you do not vote for me, for sure somebody will come and raise your taxes and lower group x taxes and then you will be fucked, VOTE FOR MEEEEE!! and doing this for years will lead to apathy and destructive culture on group y).
But what the hell... at least you feel good that you are doing "good" and sticking it to the rich man.
Fucking idiot.
Did you ever actually go to bls.gov and check the dataset for that graph?
There's a reason why they have to put in "Presidents are assigned their budget years."
It's bullshit.
>learned the word tribalist
You sound like a child.
America is tribalist. Democrats / Republicans is like football teams there.
I don't care for brands like muh rep muh dem, all I said is that on the last few decades it was all republicans messing it up.
Muh rich man. I work in the stock market for years, I don't care about labels of rich / poor either.
What always surprises me though is the working class getting played so easily by rich fucks, it's not even funny anymore.
AT WHAT POINT DO RIGHT WING RETARD SOYBOYS REALIZE THEY GOT PLAYED BY A BILLIONAIRE GLOBALIST CONMAN FROM NEW YORK CITY?
Republican tax plan extends tax break to private jet owners
msnbc.com
Who cares, it's a meme anyway.
Have you ever compared stock market numvers, unemployment numbers, growth and whatnot when republicans left office with when democrats left office?
>
where've u been
Maybe people should realize that he's quietly removing obstacles towards prosperity for any person of above average intelligence who's also willing to work a little harder. He's breaking up the old millionaire elites club, which is what's causing all the protesting.
Poor people don't protest Trump. It's rich people, the people who profited off what the previous administrations put into place, the politicians and everyone in between. On one hand you've got the ultra liberals who, let's face it, are never below upper middle class, and on the other hand you've got literal billionaires. The ultra liberals just eat up everything the politicians and the media cooks up, and those guys do it because they know their days are numbered. Trump is quickly making it possible for anyone to be rich as long as they work hard, and no: working some dumb ass manufacturing job isn't "working hard". Working hard means that you're willing to go above and beyond your duties, and do it time and time again. Before Trump, you couldn't even dream of having a private jet. It was a dream for all and a reality for few. Now it seems a little more plausible.
could you fuck off back to plebbit now leaf
you're not even baiting in a funny way you're just annoying
also
>leaf calling anyone a soyboy
lmao
>You sound like a child.
lol. spoken like a true socialist.
>America is tribalist. Democrats / Republicans is like football teams there.
Ah ok, therefore it is ok to say things like "its all republicans fault". If you have not noticed, both sides are full of cunts. They do not care about people, they care about themselves and their "people" (whoever that might be)
>I don't care for brands like muh rep muh dem, all I said is that on the last few decades it was all republicans messing it up.
HAhaha
>Muh rich man. I work in the stock market for years, I don't care about labels of rich / poor either.
"stock market".... I highly doubt that, as you noted above that it was all republicans fault. Hmm... If you actually know anything about financial markets, explain MBS to me and who was the president(s) that created it (hint: there is three presidents at fault)
>What always surprises me though is the working class getting played so easily by rich fucks, it's not even funny anymore.
you are funny. Let's say we have to persons, person a and person b. They both are forced to pay for a good. Person a lets say 100 000 dollars per year, person b pays 20 000 dollars per year. They get the same service. Please explain: 1) why you think this is fair? 2) under this scheme, why is person b fucked by person a?
Waiting for your insight,
Sincerely,
Me.
hey look, it's another episode of socialist obama leaf thinking that cannibalizing the rich will do any good.
>inb4 republican retards defend billionaires
get back on your german proxy
You have confirmation bias.
I didn't say the dems aren't full of retards either you mong.
I said the economic track record is surprisingly much better for democrats which is something you wouldn't expect as people associate republicans with muh entrepreneur party.
Stock market muh. I don't care for what you believe in what I do or not. I did it all, you nothing.
Democrats were involved in MBS as well, I know that, but the fact is markets collapsed after the bubble burst when surprised republicans didn't see it coming.
The last argument is retarded user.
I hear this when people talk about stocks as well:
Hey why don't poor people invest in stocks, they get the same percentage of return.
Leaving out that rich people who inherited wealth could move the amount of money a normal person could save up his entire life into the stock market for a few seconds and make more than any pleb will ever do in his life without even missing that money if it gets lost.
You are naive.
Hey look, is another episode of redneck defending the rich and willing to be poorer for the sake of "freedum" and a guns
JUST
This. America deserves everything that's coming to them at this point.
Poor people will pay a steep price for this.
The perfidious leaf
Why do these fucking foreigners think they know our government system and economics so much better than we do, then get pissy when we start criticizing their system and government decisions? Hmmn, really makes me think.
Literally defending tax breaks for fucking private jets. Not to mention the tax plan giving benefits to corporations and the wealthy through tax cuts.
>You have confirmation bias.
Of what? Please give me an argument, rather than just calling me stuff. So, call me stuff and then give me an argument.
>I said the economic track record is surprisingly much better for democrats which is something you wouldn't expect as people associate republicans with muh entrepreneur party.
Yes, world is in a vacuum. Only taxes affect the economy. Have you seen the debt levels? What happened during the Clinton years? Have you heard about Solow's growth model? What does technological advance do for an economy?
It is very convoluded to make conclusions on politics from last 15-years, especially because politics is in turns: R comes in and does some pro-entrepreneurial stuff and the effect is seen when D is in power. And vice versa.
How'bout we just discuss if it is better to move closer to 1900-US (capitalism) or 1950 USSR (communism). Which way you want to move, which is more likely to work? Please answer, keen to hear your reasoning.
>Stock market muh. I don't care for what you believe in what I do or not. I did it all, you nothing.
HAhaaha, and what do you know about what I have done? If you actually have "doing stock market", I assume you worked as a backoffice cunt in some big banks, unable to understand what front-office did. Or you were in middle office, maybe risk.
>fact is markets collapsed after the bubble burst when surprised republicans didn't see it coming.
It burst when D was in power?
>make more than any pleb will ever do in will ever do in his life
So you are just jealous? Why do you want a Ferrari so bad? How would money improve peoples lives? Nobody is starving to death in Europe.
>You are naive.
auts.
tax breaks are for everyone. deal with it.
That was the point, do you understand what capitalism is and how the exchange of money for labor and goods works? Do you understand where a working man's income comes from. Do you understand that excessive cost on those who pay a laborers income, reduce the number of laborers they can hire?
>Tax your citizens
>Subsidize migrants
>Lecture other people for lowering their taxes
>subsidize more migrants
Honestly though, you guys are going to have to come up with a consensus with taxes on rich people. Is it income or is it businesses. US taxes on businesses are so high that no one does business there.. Cutting them so they make their products within the dollar zone strengthens the economy..
ehh fuck it. I'm not typing out how it works.. AGAIN.. yeah, economics is all really just a discussion on class warfare and tax brackets. Carry on
>Eliminate the estate tax.
Because you are mongrellus-tier, that's why we know better.
Our children in 5th class unironically solve math you do at 18y years old user.
We just want to help you understand.
so you're saying your tax code requires calculus, and that's just an unrealistic expectation to bring your 56% migrant background children up with?
Most benefits go to the rich. Also at the expense of healthcare and other forms of aid for middle class. The tax plan is clear giveaway to rich and corporations while leaving crumbs for everyvody else.
>The last argument is retarded user.
And please answer my retarded question. Or explain me why it is so retarded.
Your analogy on poor investing in stocks is retarded. Because that would actually work. How would you expect a pleb to get into top 1% without doing exactly what you are explaining here? Please keep in mind that if you are starting a company yourself, you are doing exactly what you claim will not work: invest in some stuff (either other peoples work or your own work) and get rich.
You claim that this will not work, even though we have seen it happen over and over again. Who was Steve Jobs? Who is Bill Gates? They were rich to start with? Who created Starbucks? Some rich guy who already had huge amounts of money surely.
How about you stick to your own politics gerfag
So that's your whole arguement? "Your subhuman?" If those are the standards you want to play by then fine by me. WW1. You have poison gas yet you bitch about buckshot. WW2, it wasn't enough that you had to fuck up and pull a Napoleon but you also had the best arms advantage possible, you still let your factories get bombed. Following into academia, a lot of good it's done you, you still can't come close to competing with the US economicly and then to top it off fell for a trojan horse. Your good at math? We're good at surviving, recognizing mistakes, and adapting.
if a guy who makes a million dollars gets a 1% break and a guy who makes $10,000 gets a 50% break, the guy who makes a million dollars saves twice as much money, and I suspect you'd have a problem with that despite the clear difference in percentile.
Socialized healthcare doesn't really work. Only really has a shot in a smaller, more homogeneous society. The mongrel meme really works against us here.
They actually don't understand much outside of tax/spend, consumption and anti-american talking points handed to them by EU institutions.. They have specific anti-american/brit professors that blow smoke up their asses and trash the traditional west.. I shit you not. Their currency has been almost cut in half and a good amount of their bonds are junk status and they wanna talk to you about the US and taxes! kek
Then why change it? We have very low unemployment, it being below 5 %, and stock market was already doing great since the obama admin to present time. Again this tax plan is mostly shilling for the rich and corporations so they can just amass more wealth.
yep
republicans even admit they're doing it because their donors demand
these gop shills are full of shit
So many asspained taco bell niggers ITT
Keyword:if. The rich is getting a much much larger tax cut than 1% and the middle/lower class will see little tax cut percent wise compared to the rich, some might spend even more due to a lot od deductions being rid of. And oh yeah, corporate tax rate drops 15 % with no set expire date but the tax cuts for middle class will only raise in the 2020s
And your wilfully ignoring the positive result. This will allow those business entities your so angry at to hire your cousin who's been trying to get a job for the last year. That was the point, that is what's going to happen. People will get jobs or slightly larger incomes. Hell even if the guy working minimum wage only gets 11¢ added to his income, that's still an extra apple he'll be able to buy after a day's work.
Here’s a thought game:
What exactly have leafs been politically incorrect of? What is their bitch/moan issue that is legit, but liberal media would never report? Nothing. They are virtue signalling in nation form.
>taxes
LOL who the fuck cares? Without spending cuts, do you really think you're paying less? If you're not paying for the spending, who is dipshit?
Also on healthcare. Socialized healthcare does work better than the system right now. Right now prices have gone through the roof and the republicans arent helping by sabotaging ACA. Even before ACA, you were one medical related visit away from huge debt. Socialized healthcare will not ruin your bank account due to medical reasons...
>of what?
Of me.
>debt levels
Guess that's why you support Trump adding 1,x trillion?
>1900-US (capitalism) or 1950 USSR (communism)?
Neither, this is world 2.0, don't be stuck in the past.
>muh stock market
Don't make me go there user.
I predicted the first two rate hikes to be in december consecutively one year before the first rate hike happened. Smart money knew, I did as well.
Bought Tesla at 125€ back at that dip.
Bought oil on that day in february 2016 for 28,50$ when the market's focus was shifted from currency (Dax-Euro correlation) to oil.
Bought Norwegian Energy at 2,20€.
Went short Gold at 1376 back then.
Went long Nintendo at 90€, went short at the first peak at 275 afair.
Bought Take-Two for 20€.
Went euro short at 1,16 around a year ago.
Went short euro when it was at 1.20 this year.
Sold both at dip.
Bought Sony for 18€.
Bought Canopy Growth at 1,80€, GW Pharma at 3,3€ (not the ADSR, single stock when they were still traded in GB).
Bought CD Projekt for 4,6€.
The list is endless. It's now around 70 stocks and a few ETFs.
While german financial gurus struggle my fund is at a stable 40-60% return yoy.
I unironically don't know why I am good at this, but I guess because I lack confirmation bias and I am god-tier seeing weakness or strength in pricing action, I am very good at riding waves and I see shiny things when people see nothing but numbers.
Taught everything to myself in 4 hard years, day and night, lost hairs over this, went through all of it: fundamental analysis, technical analysis, programmed algos myself, paper-trading.
You know nothing about me, trust me.
>it burst when D was in power?
You unironically think the market moves in real time, one of the very mistakes many markets participants make.
I don't want a ferrari, I don't care for such things.
You wouldn't ever connect my person with what I listed above if you saw me in real life.
If the markets taught me anything it's a certain degree of humility.
I am not saying poor people should't invest in stocks, they should.
But what people are missing in their equation of equality is the factor 'lifetime'.
Steve Jobs and Bill Gates didn't make money on the stock market, they made money by being entrepreneurs.
I mean you could do the math yourself:
Assume you are able to put 1000 dollars aside and get 4% without risk..how far would that get you in 100 years?
What if it was 1 billion with 4% yoy without risk?
See the difference or not?
>keyword:if
Yeah, it was a hypothetical to point out your classism clearly. We're already the most highly corporate taxed in the world. Also, rich people are objectively the most productive people in society and if you're too much of a cocksucker to them, there's any number of countries willing to play haven just for the chance to be invested in. It's a sort of balance between taxes and what market forces are available, which is why america can get away with its high corporate tax rates for now.
what are the hard numbers, exactly? Provide me a link, ideally a .gov
>what is QE?
Lel...you do know that it was the ECBs plan to push down the Euro and buy toxic papers in return you fucking mongoloid?
i'd rather pay a premium and stay alive vs dying in a waiting line from a four inch of steel overdose of enrichment. socialized countries come to us for healthcare. we don't go over there. don't tell me you give a hurried fuck about lower taxes for the middle class while still wanting socialized healthcare. you can't have both, idiot.
Tax cuts to the rich and corporation= increase in wage? Dont be delusional. Also there isnt any definitive evidence that corporate tax cuts will increase job openings.
and for the record, ACA killed my friend. middle class and white so didn't qualify for gibs, his existing insurance went to shit and he had to pay more for it, so stop pretending it's heartless republicans going out and signing death warrants
This.
They have to pleasure shareholders it will all be spent on buybacks, dividends and getting rid of debt faster.
As if trickle down ever worked in the last decades.
I am not supporting Trump adding debt. I am supporting Trump if he decides to blow this whole thing up, he won't so I don't support him. This system of CB buying everything is not built on strong base, so I would prefer it to crash as quickly as possible.
>Neither, this is world 2.0, don't be stuck in the past.
But to decide where we want to go, or how we want to change the system we have to base our decisions on something. I propose that we have a session for creating ideas, then look back in history to see if they were successful if they were tried. You are proposing to move towards authoritarian ways, to more socialist world. I do not want to move that way, because it does not work. And if you are going to answer "the world is different than it was when communism RULED THE WORLD". 1) you are going to forget Venezuela, because it is convenient 2) the world is not different. We have more technology, but the only thing that brings value to the world is human labor (using those machines / technology).
God you are funny though. List your losses also, let's see. If you "lost some hair over learning" I assume you lost some money also. By your politics, you should not have had that money, because that would mean that you were in 1%. So; why did you not give the money to the state? Why are you expecting to other people to be happy about your "RAISE TAXES ON WEALTHY" if you are not willing to give in your money yourself? You are free to pay more taxes, but you are not... why?
> I am god-tier seeing weakness or strength in pricing action
>If the markets taught me anything it's a certain degree of humility.
herp derp
you're hilarious
Lol spreading myths? USA does not have one of the highest corporate tax rates. In fact out of many developed nations we have relatively low rate at the current 35. Also you misunderstand "productive". The rich will only hoard their wealth even more and will not spend more in most cases due to tax cut. That is why trickle down economic will never work.
still waiting for that link. don't pivot on me now.
taxfoundation.org
Terribly sorry, 2nd highest taxed, 3rd if you count Puerto Rico as a different entity, by 0.1%
What the fuck. Jobs and Gates made ALL THEIR MONEY ON THE STOCK MARKET! Very little of their wealth was paid to them as salary. All their money comes from the fact that they INVESTED in their company and the investment GREW IN VALUE.
>Assume you are able to put 1000 dollars aside and get 4% without risk..how far would that get you in 100 years?
>What if it was 1 billion with 4% yoy without risk?
So what you are saying here is that if somebody invested 1000 dollars 100 years ago (and now has 1 billion dollars or something, too lazy to count) he should be punished. So if I would like to invest 1000 dollars now, I should not do it because in 100 years I would be rich (and should be taxed to hell) and somebody who did not invest 1000 dollars today would be poor... I do not get it.. Please explain.
Also please explain how if I invest 1 billion to one thing that creates cure for a cancer, I should not do it. I should give the money to government who will use it better. Or to the poor, who will use it better than I. Because I am rich, and you are the moral arbiter what is too much.
Who said I wanted low tax with socialized healthcare? Obviously the tax for middle class in this case will be moderate with a lot higher taxes on the rich and corporations to pay up for healthcare. Although it is depending on the nation on wait times of getting treated, there are rarely any examples of someone dying from the wait. Eventually almost all if not all gets treated with th expense of waiting a bit. Also if you are in an emergency you will be treated immediatly without the crushing debt.
checked dublels
Yep, the US top line corporate tax rate is amongst the highest. But for a real comparison you need to look at effective corporate tax rates, that take into account all the deductions and loop holes.
>session for creating ideas, then look back in history to see if they were successful if they were tried
That's what all the pro's do when they analyze charts. It won't work that way, times have changed, this is bare-naked fact as you said youself.
How would you take something like the internet in consideration if it didn't exist back then?
'past results are not necessary indicative of future results'
You cannot compare communism and capitalism if they exist next to each other, communism isn't that competitive.
Besides you know Venezuela is an american clusterfuck in the first place?
Of course I lost money, I paid my fair share user.
If you don't, you won't learn anything.
If you are not able to see your own faults you won't as well.
It was mostly in the beginning when I tried CFD-trading and later on when I first experimented with options. My fund never made losses though, only 'private experiments'.
Calm down, I am god tier in recognizing pricing action, this is something I am very proud of because it is unusual. I am humble when it comes to let it all hang out irl user.
Nobody in my circle of friends is interested in talking about economy anyway, I wasn't either when I first got into this.
fuck off you goddamn commie
sounds like a clusterfuck and a half. I'm sure every developed country's got em.
npr.org
Keep scrolling down to the section on effective average rate.
>comparing investing in your own company with a pleb investing in stocks
No. I said:
Lifetime should be taken into consideration.
If a billionaire can easily make 1 million in a year without risk, how do you not see that he has an advantage over somebody who will barely make a million in 1000 years you monkey.
Is it so difficult to believe that we just fucking hate taxes in general, and want as many of them gone as possible?
Yes the rich benefit--so what? I'm going to materially benefit from this myself and I'm strictly working class, but it doesn't make me feel worse at all that the rich are getting as much or more benefit from this than I am.
What the fuck do I care? Do you not get it? The government is more of a danger to us than some faggots with a ton of money, the government can't actually DO anything if it doesn't have tax revenue, and that's what we want the government to do: As little as possible.
That's how you get all the people with money to flee your country you dumb fuck. When a country gets socialized anything and rachets up the tax rates, the money that was going towards workers wages leaves the nation.
Where do I start with you..are you libertarian?
What do you call it when some one points a gun at you and say give me half of what you got or I'll kidnap you? Stealing right? What if that someone's name is government and why does the same act all the sudden change it's name to tax? Taxation is theft!! Ron Paul had sign in his office it said "Don't steel government hates competition"
Is it possible to add "or my wife's son"? I know it's a tight fit, but I have faith.
>You cannot compare communism and capitalism if they exist next to each other, communism isn't that competitive.
>Besides you know Venezuela is an american clusterfuck in the first place?
Ok. Need to go, but you have to explain these to me.
First, what do you mean communism is competitive? It is a shit system, you can compare it to any other system. But are you saying you can't?
And this: Venezuela was not socialism? Or it was made as a mock socialism by USA to show that it sucks? So it is all conspiracy? Or what?
okay, so you're saying based on estimates, the US is still the 4th highest taxed , and Italy pays -23.5%
Post your real pic, cuck.
Advantage over? Somebody started earlier and now has better car than I do. You have wayyy more money that I do at the moment. Should I try to get you to pay more taxes, because I am homeless and do not have a job? It is all relative, but almost all of the people in Western world has a phone, food and shelter. So you are just complaining about the fact that somebody started investing earlier (like 10 centuries earlier) and now have more to invest; so they harvest more profits; so they have a better car than somebody else. Advantage? His life is better somehow? Is he more alive? Oh, but he can just hang around and drive nice cars, and nobody should be able to do that, because everybody should be able to do that.
Well, my point is, good for him/her. If they have enough money to sit on a yacht and do nothing all day, good for them. But they are as alive as I am. You are not giving value to people who do hard work, you think it is meaningless. You only give value to money. For you it is something to drive for and have ambitions about.
Freedom is only thing that is important. You are looking to remove it from everybody.
1. I said communism isn't that competitive.
People aren't milked as in capitalism, they are not being rewarded like in capitalism.
They won't work their ass off at taco bells for pennies so to speak.
You could also say they have more time to care about other things, that's up to you.
Venezuela - same as other 'communist / solcialist' countries are not even socialist on paper.
They would be if they were a sealed, self-contained system, not if - like in the case of Venezuela - they depend on oil exports and external forces meddle with their politics constantly.
You seem to be stuck in cold war era.
I am not an advertiser of communism but let me tell you this:
A socialist utopia will be possible if people manage to seize the production of robots and make them work for them. It will also be possible if the people invested in regenerative energies instead of leaving to corporates to own sun moon and stars.
It won't happen because corporates will own robots and regenerative energies and people will still fuck each other up in competing for the last few jobs like they always do.
All the best, yours gordon gekko
So how do you call it to raise income taxes from 10% to 12% for those making below 10k, while lowering them to 35% for those making above 200k?
Isn't it the most sensible approach to lower it to 0 for everyone making 30k as a single filer and 50k as a joint filer? The number of IRS staff you could fire would be in the hundreds of thousands and the number of people not having to pay taxes would be massive. Essentially a 90% reduction in IRS work on the federal income tax. Only 7 million income tax filers would remain. The working class and the middle class would NOT pay federal income tax any more.
Nobody wants the state to start seizing businesses, but the wealth accumulated in america is handed down from generation to generation and has it's origin in letting negroes pick cotton for a warm meal in the evening.
Nothing unfair about evening that out with a little higher tax.
If all you take from this discussion is taking in time as a factor into your euqations about fairness in economy this would be something.
So what?
I read an article the other day bitching about a single mother with half a dozen kids and a minimum wage job would only see a $75 reduction while someone making $200,000+ a year, married with children, etc would see a $2,000 reduction.
How about not bitching about what other people have and start concerning yourself with getting what you want.
Also, the single mom bitch probably has $50,000 in free shit coming to her every year.
>I pay nearly no taxes, why don't I get a $2,000 decrease?
I'm fucking tired of this stupid shit.
>just lowering (or eliminating) all federal income taxes up to an annual income of 30-40k instead of across the board tax cuts?
I wish they would, its a waste of money to even process that shit most of the time.
Most people making 30k aren't even paying any taxes effectively since they get more back in benefits than they pay in taxes. You can't cut taxes for someone who's already not paying any.
You are advocating for communism, while trying to claim you are doing something else. You are uninformed.
"That was not real socialism" is fairly stupid way to explain these things. People are flawed and therefore all the system are flawed. You are one of those people who will make excuses for killing millions of people. Like Chomsky and other "intellectuals". You are willing to drive towards an utopia, with force, while starving and killing people.
And you think that you are not. You think that you are better than me or anyone else here. Because you are enlightened. You are no different than the communists in Russia, in China, in NK or all around the world.
You claim to be humble, but at the same time you are the most arrogant type of person there is. "I know what you need" -you say, while lifting yourself up above everybody.
You are the flaw in human condition why communism does not work. And you are too blind to see it yourself.
>just lowering (or eliminating) all federal income taxes up to an annual income of 30-40k
It practically already is that way.
What the fuck is the point in reducing taxes on people who already don't pay taxes?
Solution: End all welfare programs. That, alone, would decrease the budget to a size where no income taxes would actually be possible without bankrupting the nation.
>it will trickle down, goy
>just lowering (or eliminating) all federal income taxes up to an annual income of 30-40k instead of across the board tax cuts?
The actual point of tax cuts was to give them to the rich donators.
>lowering corporate income taxes and eliminating the estate tax?
blew a gigantic hole in the budget. They had to raise taxes on the middle class and cut healthcare so now it only adds 1.5 trillion to the deficit.
There are two kind of people in the world, those who create, and those who consume.
Wealth is better in the hands of those who create if we want to improve our general living standards. If you want to feed society you give money to the guy who knows how to plant seeds to get corn, not to the guy who doesn't know how to do shit.
The rich are people who know how to plant seeds, the poor are useless.
If you want a fairer society, ask your government representatives to provide a fair market environment for everyone so the rich doesn't get advantages the poor don't get, but don't fucking ask them to raise the poor by stepping on the rich because that's a one way ticket to zimbabwe, you fucktard commies.
We have a progressive income tax system. Most people who make under $40k pay no federal income tax. Some of them get more than they put in.
Trump is trying to revitalize the middle class by promoting domestic investment. A healthy economy would have the federal burden placed on a numerous and prosperous middle class. Right now the top 40% pay all federal taxes, the top 15% pay 80% of that.
That was before.
Now, the feds are eliminating all of the deductions that those people used to pay little to no federal taxes.
Student loans? Taxable income.
Healthcare expenses? Taxable income.
The money you spend on taxes? Taxable income.
That's the top 40% of taxpayers, not income earners.
Lots of multibillion dollar corporations pay no taxes.
And it also has a little to do with the fact that the top 1% earns more than the entire bottom 40% combined.
Presidents don’t write the budget, they only give suggestions.
Usually Republicans are left to clean up messes Democrats made, and then the next Democrat enjoys the result, claiming that he did it himself.
Interesting your chart doesn’t show annual job rates, only an average per administration, which is useless.
Republicans are and always will be the uneducated pawns for the rich. Just look at all of their stances. The rich know that people from rural America are easy to manipulate, all you have to do is be pro-gun and pro-life and you can rob them blind. Almost all of their stances are not based on any type of logic but rather emotion and it's easy to play on their emotions.
>What the fuck is the point in reducing taxes on people who already don't pay taxes?
to make them non-filers and reduce IRS bureaucracy?
Yeah they would just move to a country where they aren't a citizen and land the same high paying job they have in America.
...
>reduce IRS bureaucracy?
That 5% i'm sure more than pays for the entire bureaucracy though.